DELPHI 2012 Annual Report Download - page 101
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79
The following table summarizes the restructuring charges recorded for the years ended December 31, 2012, 2011 and
2010 by operating segment:
Year Ended December 31,
Segment 2012 2011 2010
(in millions)
Electrical/Electronic Architecture $ 49 $ 12 $ 94
Powertrain Systems 25 12 49
Electronics and Safety 89 5 29
Thermal Systems 8 2 52
Total $ 171 $ 31 $ 224
The table below summarizes the activity in the restructuring liability for the years ended December 31, 2012 and 2011:
Employee
Termination
Benefits
Liability Other Exit
Costs Liability Total
(in millions)
Accrual balance at January 1, 2011 $ 148 $ 21 $ 169
Provision for estimated expenses incurred during the period 25 6 31
Payments made during the period (89)(16)(105)
Foreign currency and other 2 (1) 1
Accrual balance at December 31, 2011 $ 86 $ 10 $ 96
Provision for estimated expenses incurred during the period 166 5 171
Payments made during the period (102)(7)(109)
Foreign currency and other 7 (2) 5
Accrual balance at December 31, 2012 $ 157 $ 6 $ 163
As part of Delphi’s ongoing efforts to lower costs and operate efficiently, the Company recorded $10 million of
restructuring costs during 2011 in North America and South America, primarily related to the Electrical/Electronic Architecture
segment. The Company also recorded $10 million of restructuring costs during 2011 in conjunction with workforce reduction
and programs related to the rationalization of manufacturing and engineering processes, including plant closures in Europe,
primarily related to the Powertrain segment. Additionally, $5 million of costs were incurred related to workforce reduction
efforts resulting from prior divestitures.
The Company recorded $28 million of restructuring costs during 2010 in North America, primarily related to the
Electrical/Electronic Architecture segment’s continued efforts to reduce the workforce. The four reporting segments recorded
$174 million of restructuring costs during 2010 in conjunction with workforce reduction and programs related to the
rationalization of manufacturing and engineering processes, including plant closures, primarily in Europe. The Electronics and
Safety segment also incurred $8 million of costs related to the ongoing sales and wind-down of its occupant protection systems
businesses during the year ended December 31, 2010.